UnionDigital Bank (UD), the digital bank subsidiary of Union Bank of the Philippines, recently announced its partnership with the country’s first fully integrated and fully digital health and wellness platform, mWell. The collaboration comes as part of UD’s efforts to make financial services more accessible to Filipinos.
UnionDigital Bank will provide mWell’s patients with a holistic health and financial wellness experience by integrating its banking services into mWell’s app. Being the number one digital lender in the Philippines, UD is committed to providing innovative solutions to enable more individuals and businesses to obtain the financial resources they need to achieve their goals.
mWell, on the other hand, aims to bring healthcare to more Filipinos here and abroad through its fully integrated, sustainable, and future-proof digital platform. It provides a seamless end-to-end journey for its patients – from booking a video consultation to having their medicines delivered to their doorsteps. As part of the MPIC group, it is committed to working towards the achievement of the United Nation’s Sustainable Development Goals, particularly SDG 3: Good Health and Well-being.
Recently, mWell was recognized at the highly-coveted 2023 Global Mobile Awards at the Mobile World Congress in Barcelona Spain. They bagged the award for Best Mobile Innovation for Digital Life, Digital Everything Category.
Having the same objective of using innovation in providing ease and improving access to wellness for its customers, mWell and UnionDigital Bank will strive to make healthcare services more affordable by offering digital banking products, such as medical emergency loans and flexible payment terms, integrated within the mWell app.
“Joining forces with UnionDigital Bank is a major step towards improving the overall healthcare experience of our customers. It will bring a new level of convenience and support, enhancing our ability to deliver on our mission of empowering people to live their healthiest lives,” said Chaye Cabal-Revilla, President and CEO, mWell; Chief Finance, Risk, and Sustainability Officer, MPIC.
By working together, UnionDigital Bank and mWell can create a more efficient and effective digital experience that prioritizes the needs of its customers from health to finances.
“Combining our expertise in digital banking and healthcare innovation, our partnership with mWell will enable us to offer cutting-edge solutions and seamlessly integrate our services into their app, making it easier for their customers to manage the financial aspects of their healthcare journey,” said Henry R. Aguda, President and CEO, UnionDigital Bank. “Together, we are committed to empowering mWell users to have greater control over their health, allowing them to focus on what truly matters – their health and well-being.”
This is a milestone for both UnionDigital Bank and mWell as they mark a major step forward in driving financial inclusion and improving the overall healthcare experience of its customers.